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The German E.ON and Hydrocop Concessions, a small group of eight French distributors of energy, announced Monday an alliance to win the hydroelectric concessions that France decided to open to competition.

E.ON seeks to expand its presence in renewable energy since Germany has announced its withdrawal from nuclear. The group plans to spend $ 7 billion in this direction over the next five years.

At the request of Brussels, France is preparing his side to open up to competition dominated field by EDF launching tenders for the renewal of concessions of ten hydropower.

The tenders should initially be made on a case by case basis between 2010 and 2013, and the concessions to be granted between 2013 and 2015. But none of the appeals process for applications has not yet started.

"We are late," said a spokesman for the Department of Ecology, adding that the ministry was trying to recruit consultants to finalize the specifications.

The European Union has asked France to open 20% of its hydroelectric plants to competition. The concessions are to be renewed in the Alps, the Pyrenees and central France.

Hydroelectric capacity of France, which reached about 23,500 MW, is now managed by EDF – which operates 85% of facilities in the country – and GDF Suez, which has said it wants to increase its share market sector.

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Several countries have claimed Monday the symbolic birth of seven billionth person on the planet today. The UN took the opportunity to draw attention to the challenges of population growth. In poorer countries, governments will be faced with the difficulty of finding a job in the armada of young people coming onto the labor market.

In Manila and Kaliningrad? Girl or boy? Several countries have claimed Monday the symbolic birth of seven billionth person on the planet today, the opportunity for the UN to call attention to the challenges of population growth.

See also Slide show: That's it, we are 7 billion.

The level of 6 billion was reached in 1999. The United Nations had then chosen Nevic Adnan, a baby born in Sarajevo, as representative of the six billionth human coexist on earth.This time, the UN has refrained from designating a "winner" in advance and many countries have planned to announce the lucky winner was born at home.

A Filipino, Indian or Russian?

In this game, the Philippines has been the fastest. Danica May Camacho, born two minutes before midnight Sunday in one of the poorest countries in the world, is a lovely little girl of 2.5 kg. His parents, Camille and Dalura Florante Camacho, were welcomed by UN officials who had brought a small cake for the occasion. "She is so beautiful. I can not believe it is the seven billionth person on the planet," Camille has moved Dalura in the delivery room of the Jose Fabella Memorial Hospital, a public hospital in the capital Philippine invaded by journalists.According to the United Nations Fund for Population Activities (UNFPA), the Philippines is the 12th most populous country in the world with 94.9 million inhabitants, of whom 54% are under 25 years.

But India, a country-continent with 1.24 billion people and by 2025 should become the most populous country by China, with nearly 1.5 billion people, has in turn announced coming into the world of Nargis. The little girl was born at 7:20 local time (1:50 GMT) for a 23 year old mother and a father of 25 years in the dusty village of Mall, in the State of Uttar Pradesh, told AFP a spokesman for Plan International, an organization caricative based in the UK.

Two Russian regions, the most eastern Kamchatka, and most western Kaliningrad, also dispute the title.

Traders are on alert Monday morning after the warning of the Japanese Finance Minister Jun Azumi, who warned that Tokyo might intervene in the foreign exchange market to try, once again, to halt the rise of the yen that threatens the recovery of the Japanese archipelago.

Japanese export growth has certainly slowed less than expected in September, showed figures released Monday by the Ministry of Finance, but economists warn that the combination of a strong yen and the persistence of the crisis debt in Europe pose high risks to external demand.

The Bank of Japan (BoJ), which meets Thursday, is likely to cut its economic forecasts because of slowing global growth while keeping intact its monetary policy.

The status quo in Japanese monetary policy, however, may not be sufficient to contain the rise of the yen, the latter continued to figure as a safe haven in times of uncertainty.

"The dollar / yen fell sharply, to a range between 75 and 76 yen in a very short period of time. This is completely speculative and does not reflect at all the fundamentals.This is unfortunate, "said Jun Azumi reporters.

"If this path becomes excessive, we will take tough decisions."

The strong yen will have a major impact on the Japanese export sector, he added, especially for the automotive industry.

Jun Azumi's remarks came after the dollar hit a record low Friday at 75.78 yen on EBS platform.

Since September 2010, the government intervened on two occasions, once alone and once together with the G7, in an attempt to weaken the yen, but the effect of these interventions did not last.

Japanese exports rose 2.4% in September from the previous year, against 1.0% expected, supported by higher sales of automobiles and automotive equipment.In August, they had increased by 2.8%.

Imports on the other hand increased by 12.1% last month, instead of the 12.6% forecast.

Japan posted a trade surplus of 300.4 billion yen (2.8 billion euros), a deficit in August, against a forecast surplus of 198.8 billion yen.

Nestle, the world leader in food, will continue to invest in Switzerland, his home country, although the appreciation of the franc makes it less attractive.

"There are now many questions regarding the crisis in Europe, low consumer confidence and the rise in the Swiss franc. Uncertainty is high, but growth is still possible in Europe," said Director General Paul Bulcke at the inauguration of a factory near Berne.

Asked if the group of Vevey to postpone or cancel investment projects in Switzerland due to the appreciation of the franc, Paul Bulcke said "that the Swiss franc has no impact would be quite incorrect.But as a multinational, we have a natural protection. "

"This is not the Swiss franc is strong, it is the other currencies that are weak.I hope one day there will be a return to reason, "he said, adding that Nestle invests in the long term.

Nestlé inaugurated Thursday a new production facility in Konolfingen, the site of its oldest plant, where it will produce next generation probiotic foods for babies.

"Obviously the strong Swiss franc does not help the production of Nestlé in Switzerland," said Paul Bulcke, repeating that the currency had only a limited impact on the operational performance of the group.

The franc has strengthened its final months against the euro and the dollar, prompting the Swiss National Bank (SNB) to increase liquidity in the money market in France to fight against the strength of the Swiss franc, which makes Swiss exports more expensive abroad.

Two thirds of the outgoing products of the ten Swiss Nestle factories are exported to the euro area.And with a resounding as loudly it is more difficult to remain competitive, said Eugenio Simioni, the head of Nestlé Switzerland, adding that the capacity for innovation and service quality can offset this appreciation.

Nestlé has invested 400 million francs in the Konolifingen site over the past four years and doubled the number of jobs to 770.

The nutrition business of Nestlé produce about 90% of sales of baby formula and Paul Bulcke said the group plans acquisitions to his unit, who directed last year's sales of 10.4 billion francs.

He declined to comment on a possible interest in the activity of infant formulas from Wyeth, a subsidiary of Pfizer, which is on sale and is valued at approximately ten billion dollars.

European shares resumed some colors Monday after falling last week, but investors looking for defensive stocks in particular, illustrating the wisdom of the market in anticipation of the Jackson Hole speech of the President of the Federal Reserve on Friday.

At 12:45, the CAC 40 index rose 1.4% to 3059.29 points, after opening down 0.9% below 3,000 points. The benchmark index of the Paris, which fell more than 6% Friday, but still acknowledges a decline of nearly 17% since the beginning of the month.

"The market is a bit difficult to read today. We see that these are defensive sectors that take the trend (pharmaceuticals, utilities, telecommunications).Everyone is cautious Jackson Hole, "said a stock dealer based in Paris.

The pharmacy and earns 2.46%, highest growth sector, Sanofi clinching 3.3%, 3.7% GlaxoSmithKline and Novartis 3.17%. Utilities increased by 1.6% (2.18% for EDF, 2.8% for Italian A2A) and telecoms advance 1.4%, driven by TeliaSonera (+3.1%).

The bank will also resume after falling last week, the Stoxx banking sector index was up 0.21% after dropping 3.26% over the previous five sessions. Societe Generale gained 1.29%, 4% Dexia and Sanpaolo Intesa 2.83%.

INVESTOR SHARED

However, the automotive sector is hit by fears of a relapse into recession in developed countries.The sector index (-1.27%) charged down the only sector in Europe, bringing to nearly 29% its decline since the beginning of the month. Renault and Michelin lost 1.24% and 1% in Paris, while Volkswagen sells 1.5% in Frankfurt.

"Investors are shared by two tests: one party hopes that a rebound during the week after the violent downward spiral, while the other prefers to remain cautious, fearing a further fall of the indices," says Saxo Bank in a letter mail.

Other major European markets, London and Frankfurt gained 1.9% 0.49%. Milan, which lost more than 1% in early trade, ahead of 2.57%.Of the European indices, the EuroStoxx 50 rose 1.4% and 1.3% Eurofirst 300.

Illustrating the persistence of investor uncertainty, gold has hit a new record near $ 1,900 an ounce (at 1894.10 dollars) before falling to 1880.49 dollars.The metal end earns about 16% since late July.

"We are suspicious about the validity of the figures turning (double troughs) forming on the clues and prefer to maintain our negative view on equity markets, although the dollar shows no sign of strength for the moment," said however Valerie Gastaldy, an analyst at Day By Day graphic.

The euro also rose against the greenback at 1.4429 dollars (0.43%).

The gap continues to widen between the barrel of U.S. light crude, up 0.94% to 83.03 dollars and Brent, who drops 1.16% to 107.36 dollars, while the end looms conflict in Libya and a possible resumption of oil exports of the country.

Wall Street opened sharply lower Thursday, weighed down by fears of contagion from the crisis of European debt to U.S. banks and the threat of a relapse of the economy after the disappointing figures on the employment front United States.

In early trade, the Dow gave 2.45% (281.13 points) to 11,129.73 points. The Standard & Poor's 500 broad, abandoned 2.51% (30.72 points) to 1163.17 points while the Nasdaq composite market lost 3.22% (80.29 points) to 2430.32 points.

Facing the room nervously, the New York Stock Exchange NYSE and Amex Cash Markets announced shortly before the bell they would invoke Rule 48, which allows information to suspend the course to ensure a smooth opening.This rule is sought only when there is a risk of extreme market volatility.

The macroeconomic picture was further clouded Thursday after jobless claims in the U.S. rose more than expected last week to 408,000, while economists surveyed had forecast 400,000.

In addition, Morgan Stanley lowered its growth forecasts for the global economy for the years 2011 and 2012, the revision is stronger for developed countries.

Wall Street is also hit by concerns surrounding the U.S. banking sector.

The Wall Street Journal reported Thursday that the Federal Reserve Bank of New York accentuated his investigations on the U.S. subsidiaries of major European banks, fearing that the debt crisis in Europe will be transmitted to the U.S. economy through them.

Around 1:35 p.m. GMT, the S & P financials unscrewing of 3.51%, while the KBW bank index fell 3.3%.

Bank of America, JPMorgan Chase, Goldman Sachs and Morgan Stanley posted declines of between 3.33% and 6.43%.

In this context aversion to risky assets, gold hit a new record of 1,817.90 dollars an ounce.

The cost of the 26th World Youth Day is the last straw for many Spaniards who face for months to fiscal austerity. But Catholics say pay the entire event. A pilgrim is to confess to Madrid, the opening day of the 26th World Youth Day.

At a time when the global economy trembles, when stock markets falter, and where all fears are focused on Europe and the debt crisis, hundreds of thousands of Catholics converge on Spain for the 26th World Day of youth. They meet from Tuesday to Sunday and until 21 in Madrid, to face another crisis, that of spirituality. But once will not hurt, the rally in a traditional Catholic strongholds in Europe stirs controversy.In the media and Spanish society, the debate over the cost of World Youth Day is certainly the one that generated the most feedback.

On Thursday, the 450,000 officially accredited youth-organizers expect at least one million participants – await the arrival of Pope Benedict XVI. The reception will be perhaps not as warm as expected. For several weeks, many associations, including the unworthy – movement born in mid-May of fed up with the crisis, have called for demonstrations on the eve of his arrival, to protest against public spending related to WYD. And despite the summer, their movement known as M-15 (named after his birthday, May 15, 2010), does not seem ready to falter.

"From my taxes, zero for the pope. Secular state", is the most characteristic slogan of the movement. Officially, the indignant are not anticlerical."We are not against the Pope, we are against public funding of World Youth Day," explain the posters who swarm the streets of the capital. Mobilized against the austerity and the inability of governments to respond to the crisis, they are defined as non-partisan and apolitical.

Cost strongly criticized

According to the organizers of the Days, which deal with the controversy were forced to peel their budget, the event will cost only 55 to 60 million euros, or 20% below the latest edition of World Youth Day in Sydney, 2008 . According to them most, all expenses will be funded by the pilgrims, and not by taxpayers. "Our revenues are $ 50.5 million, they come to 70% of donations of the pilgrims," ​​insists the chief financial officer of World Youth Day, Fernando Giménez Barriocanal. The rest must be financed by the patronage of large companies.For the organizers, who succeeded the microphones of television and radio, the message is clear: "The World Youth Day will have a zero cost to the taxpayer." Even better, the event should reap 100 million euros for Spanish companies and shops in the capital.

But lay associations, they remain skeptical. They believe that the regional governments and town halls spend "more than one hundred million euros" for the event. "Public works and the safety device will assume costs. The public buildings will also be available to the pilgrims," ​​denounces Rosario Segura, collective Europa Laica. 10,000 police must indeed be sent into the streets of Madrid, and makeshift shelters have been installed in public schools and gyms.

Pilgrims advantage

Some measures proposed by the government are also cringe.Recently it announced a 80% reduction in the price of public transport for the pilgrims, while at the same time, users have had their Madrid metro ticket increase by 50%. Obvious awkwardness of the authorities last May adopted a drastic plan of 15 billion euros in savings. Very angry, some associations have therefore called for a boycott of subway tickets, and the hundreds of participating companies, including McDonald's, Coca-Cola or large groups such as Telefonica and Spanish bank Santander. They criticized in particular the reductions in charges that these companies have benefited since the government has classified the WYD event of "exceptional public interest".

More ideological than economic controversy?

Catholic side, all the arguments are good to calm the controversy."Nobody gets upset when there are football matches, which requires a very large deployment of police and all taxpayers pay," denounces, Fernando Gimenez Barriocanal. "Certainly there is public spending, (…), but at the same time there is also a contribution to this country, an undeniable contribution to the people, for culture, for the trust. Madrid which hosts a million and a half of young people worldwide, is also a return that I find invaluable, is not just a financial matter, "said Bishop Bernard in turn Podvin spokesman of the Conference of Bishops of France on RMC . But for the associations, "The problem of this event is its ideological side, we can not compare it to a cultural or sporting event," said Francisco Delgado, president of the secular Europe.Evidence that ultimately the debate is not only economic …

And you what do you think? In times of crisis, should stop this type of event? The State Should not spend money for WYD?

The European Central Bank (ECB) announced Monday it had bought for 22 billion of sovereign debt last week as part of its plan to buy back bonds, activated to stop the contagion of debt other countries in the euro area.

This is the largest amount ever spent in one week by the ECB since the program began in May 2010.The first week, the ECB had then bought 16.5 billion euros of Greek bonds.

The ECB has reactivated on August 4 this repurchase program obligations, dormant since March, despite opposition from four members of its Board of Governors.

The monetary institution immediately restarted its operations in the bond market, traders noting first debt redemptions of Irish and Portuguese.

She said four days later that she would "actively implement" the bond buyback program to try to stem the debt crisis that has shaken the euro area, noting also that it would intervene on Spanish bonds and Italian.

The action of the ECB has allowed interest rate for the Rome and Madrid to relax, the performance of their debt to ten years hovering around 5% today against more than 6% previously.

Because of the time it takes for transactions to fall into place, the first debt buybacks Irish and Portuguese occurring this month are also included in the total amount released Monday.

None of the bonds held in the program being expired, the ECB considers the total value of its purchases to about 96 billion euros.

Axa Private Equity, which has exceeded the threshold of 5% of share capital and voting rights of the Club Méditerranée, would sit on the board of the leisure group, told Reuters on Tuesday a spokesman for the capital center Axa-Investment.

The Financial Markets Authority (AMF) said Tuesday in an opinion after receiving a letter advising Axa Investment Managers Private Equity has surpassed the 5% on July 28 following an acquisition in the market Club Med shares, which it now owns 1,600,608 shares, representing 5.29% of capital and 5.13% of voting rights.

"Consistent with our logic of long-term investor, we plan to request our participation on the board," said a spokesman for AXA Private Equity.

A spokeswoman for Club Med confirmed the threshold crossing but declined to comment on the application for Axa PE on the board.

The leisure group, whose capital is highly fragmented, is regularly the subject of expressions of interest or alleged.

In 2009, the group has been a battle in 2009 between the businessman Bernard Tapie and CEO of Club Med Henri Giscard d'Estaing, followed by a statement the same year the fashion designer Christian Audigier is saying "very interested" in an initial stake in Club Méditerranée.

In 2010, media reports which BMB Group, an investment company in Brunei, would consider a bid for Club Med, have been circulating.The Chinese conglomerate Fosun, which held 9.5% stake in July 31, 2011, for its part, had said last month will strengthen its presence in the French group. (See)

At 17:15, the Action Club Med lost 2.07% to 16.10 euros, a market capitalization of 486.8 million euros. Since the beginning of the year, the title took 4.2%, after rising more than 20% throughout 2010.

Barack Obama announced late Sunday night that the Democratic and Republican leaders had agreed in extremis on raising the U.S. debt ceiling, spreading the risk of the world's largest economy in default of payment.

The agreement, which should be submitted to a vote of both houses of Congress on Monday, provides for drastic reductions in public spending but not tax increases.

The agreement reached after days of negotiations involves a reduction of 1.000 billion dollars in public spending over ten years.A bipartisan commission will also identify ways to reduce the federal deficit by at least 1500 billion dollars.

"There are still some very important upcoming votes in Congress, but I want to announce that the leaders of both parties in both houses have reached an agreement to reduce the deficit and avoid a defect, a defect that would have a devastating effect on our economy, "Obama said during brief remarks to reporters at the White House.

The Democratic president, who called on MPs to "do the right thing" by voting in favor of the compromise, said he would ensure that the U.S. does not relive a similar crisis in 8-12 months, is in full presidential campaign.

He also said that the drastic cuts in public spending would not intervene too quickly, so not to further weaken the weak growth in the U.S. economy.

RALLY THE BASE ASSEMBLY

"This is not the best deal in the world but it shows how we have changed the terms of debate," said John Boehner, for its part, the "speaker" of the Republican House of Representatives.

The compromise, he said, does not include any tax increases and spending cuts that exceed the expected increase in the ceiling of the debt.

The U.S. Treasury, which in May reached its debt ceiling set at 14 300 billion, Congress needs to borrow more.

He warned that if no agreement is reached after 2 August, the U.S. might not be able to fulfill their obligations vis-à-vis their creditors.

It is now up to leaders of Congress to rally their elected officials.

During a conference call with Republicans elected John Boehner, who wants to submit the agreement to a vote of the representatives on Monday, said the compromise did not violate the principles of the Republican Party.

Nancy Pelosi, who leads the Democrats in the House, it was suggested that the agreement might be difficult to accept by all the elected Democrats, including the left wing of the party who accepts evil without immediate increase of taxes on the wealthiest households and corporations.

Asian markets, the announcement of this compromise was greeted in extremis market share, while gold, traditional safe haven, and the dollar retreated against the yen was appreciating.

In Tokyo, the Nikkei index has surpassed the 10,000 points, gaining 1.84% to 10,013.90 points in mid-session.

"The declarations of Obama might be sufficient for the Nikkei erases losses the past two days, but the gains of the day rather reflect a temporary relief, not a strong confidence," said Tsuyoshi Kawata of Nikko Securities SMBC.

The main concern of financial market concerns about whether the agreement reached in extremis will allow the U.S. to avoid a deterioration in the sovereign debt rating, currently at Triple A.